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Paystack history
Paystack company history timeline
November 2015 Y Combinator Paystack becomes the first Nigerian company to be accepted into the Y Combinator, the tech startup accelerator where companies like Dropbox and Airbnb were incubated
2015 Paystack is founded Paystack is founded by Shola Akinlade and Ezra Olubi, software developers and longtime friends
January 2016 Public launch Paystack comes out of beta!
December 2016 Seed investment Paystack raises $1.3 million from local and international investors, including Tencent, Comcast Ventures, and Ventures Platform
2016 has been a brilliant year for us, and we’re happy to close it out with this funding announcement, but we’re also always thinking several steps ahead, and building out across the continent is absolutely critical to our growth strategy.
July 2017 1 billion Naira in monthly transaction value For the first time, Paystack processes over 1 billion Naira (~$3 million) in a single month
July 2017 Launch of Pay with Bank Paystack introduces the ability for customers to pay with only a bank account number
February 2018 Launch of Paystack Starter Businesses For the first time, businesses who aren’t yet formally registered are able to get started with online payments with Paystack
August 2018 Series A Paystack raises $8 million Series A led by Stripe, together with Visa, and follow-on investment from Tencent and Y Combinator.
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Zippia gives an in-depth look into the details of Paystack, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Paystack. The employee data is based on information from people who have self-reported their past or current employments at Paystack. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Paystack. The data presented on this page does not represent the view of Paystack and its employees or that of Zippia.
Paystack may also be known as or be related to Paystack, Paystack Inc, Paystack Inc., Paystack Payments, Paystack Payments Ltd. and Paystack, Inc.